Could RLUSD Replace XRP. Jake Claver works through stablecoin, settlement and liquidity in this recording.
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What this recording covers
Institutional stablecoins and native digital bridge assets serve distinct operational roles within cross-border payment networks. Addressing whether the introduction of Ripple USD reduces the necessity of XRP, Claver explains that fiat-backed stablecoins primarily benefit the issuing entity rather than commercial counterparties who do not earn yield on underlying reserve treasuries. While single-issuer stablecoins facilitate direct settlement between mutual partners, global commerce involving thousands of independent stablecoins creates fragmented liquidity and counterparty exposures. When institutions refuse to hold another entity's stablecoin, decentralized exchange infrastructure is required to facilitate instantaneous currency conversion. Claver explains that payment routing naturally shifts toward the settlement asset offering the lowest transaction friction, highest liquidity, and fastest execution. As decentralized automated market makers and liquidity pools lock up circulating supply on the XRP Ledger, native bridge assets remain essential for multi-currency routing without introducing intermediary counterparty risk.
Where this fits
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